Agora (API) Gross Margin (2019 - 2026)
Agora's (API) quarterly Gross Margin came in at 63.67% in Q2 2026, down 308.0% year-over-year from 30.61% in Q2 2025, and little changed quarter-over-quarter from 63.4% in Q1 2026.
Analysis
Agora (API) Gross Margin (2019 - 2026) Analysis & Trends
Agora has disclosed Gross Margin across 8 years of filings, most recently posting 63.67% for Q2 2026.
- In Q2 2026, Gross Margin fell 308.0% year-over-year to 63.67%; the TTM figure through Jun 2026 stood at 64.49% (down 253.0% YoY), while the FY2025 annual figure was 66.4%, up 228.0% from the prior year.
- Gross Margin came in at 63.67% for Q2 2026 at Agora, roughly flat from 63.4% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 68.03% in Q1 2025 to a low of 59.41% in Q3 2022.
- Average Gross Margin over 5 years is 63.88%, with a median of 63.54% recorded in 2026.
- Year-over-year, Gross Margin plunged 576 bps in 2022 and jumped 679 bps in 2025.
- Over 5 years, Gross Margin stood at 60.8% in 2022, then rose by 3 bps to 62.9% in 2023, then increased by 6 bps to 66.61% in 2024, then slipped by 2 bps to 65.07% in 2025, then retreated by 2 bps to 63.67% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 63.67% in Q2 2026, 63.4% in Q1 2026, and 65.07% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Twilio | 35.77 Bn | 33.11 Bn | 725.87 Mn | 48.42% |
| 2 | Zoom Communications | 29.62 Bn | 22.37 Bn | 985.50 Mn | 77.16% |
| 3 | Nice | 6.38 Bn | 6.02 Bn | 995.81 Mn | 64.21% |
| 4 | RingCentral | 6.14 Bn | 6.03 Bn | 472.31 Mn | 71.89% |
| 5 | Five9 | 2.49 Bn | 1.83 Bn | 166.74 Mn | 53.37% |
| 6 | Bandwidth | 1.35 Bn | 1.17 Bn | 78.54 Mn | 35.72% |
| 7 | Consensus Cloud Solutions | 648.68 Mn | 549.78 Mn | 73.07 Mn | 79.98% |
| 8 | Ooma | 640.32 Mn | 622.79 Mn | 50.99 Mn | 61.26% |
| 9 | Agora | 498.86 Mn | 423.01 Mn | 25.74 Mn | 63.67% |
| 10 | 8X8 | 263.26 Mn | 168.30 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 63.67% |
| Mar 31, 2026 | 63.40% |
| Dec 31, 2025 | 65.07% |
| Sep 30, 2025 | 65.96% |
| Jun 30, 2025 | 66.76% |
| Mar 31, 2025 | 68.03% |
| Dec 31, 2024 | 66.61% |
| Sep 30, 2024 | 66.67% |
| Jun 30, 2024 | 62.05% |
| Mar 31, 2024 | 61.25% |
| Dec 31, 2023 | 62.90% |
| Sep 30, 2023 | 64.03% |
| Jun 30, 2023 | 63.27% |
| Mar 31, 2023 | 62.69% |
| Dec 31, 2022 | 60.80% |
| Sep 30, 2022 | 59.41% |
| Jun 30, 2022 | 64.93% |
| Mar 31, 2022 | 62.39% |
| Dec 31, 2021 | 62.96% |
| Sep 30, 2021 | 65.16% |